topic Cost of education for trading in Education

Cost of education for trading

Ray1 — Thu, 23 Jul 2020 01:33:54 GMT

I have paid for an online class that was focused on teaching me how to trade assets. Can I deduct that from my profits or add it to my costs in my tax return?

Re: Cost of education for trading

rjs — Thu, 23 Jul 2020 01:42:28 GMT

Classes in trading securities are not deductible.

Re: Cost of education for trading

Ray1 — Thu, 23 Jul 2020 15:34:48 GMT

I there any way to reduce these costs from the profits?

Re: Cost of education for trading

rjs — Thu, 23 Jul 2020 16:40:06 GMT

No, there is no way to subtract the cost of the classes from your trading profits. There is no way to get any kind of tax reduction for the cost of the classes.